North America Aftermarket Torsional Vibration Dampers Market to Grow at a CAGR of 6.8% to reach US$ 384.35 Million from 2022 to 2028

North America Aftermarket Torsional Vibration Dampers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Design (Viscous Damper, Elastomeric Damper, and Pendulum Damper), Application (On-Highway and Off-Highway), Engine Type (Gasoline Engine and Diesel Engine), and Sales Channel (Original Equipment Supplier and Independent Aftermarket)

  • Report Code : TIPRE00029776
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 152
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The North America aftermarket torsional vibration dampers market is expected to grow from US$ 259.30 million in 2022 to US$ 384.35 million by 2028; it is estimated to register a CAGR of 6.8% from 2022 to 2028.

Torsional vibration dampers are used in the internal combustion engines of vehicles to absorb rotational vibrations. The dampers are particularly effective in conjunction with decoupled pulleys, which shield belt drive and auxiliaries from crankshaft irregularities. Torsional vibration dampers improve engine performance and durability, along with providing greater driving comfort and fuel efficiency. The use of torsional vibration dampers enhances the efficiency of vehicles, reduces noise, and improves overall performance. Moreover, tolerance for high temperatures and harsh environmental conditions, and the decreasing cost of ownership over time are the prominent benefits conferred by these components. However, a worn-out torsional vibration damper cannot properly dampen the vibrations, and uncontrolled vibrations may result in a compromised crankshaft. Hence, checking the torsional vibration dampers at each service interval becomes an essential task. Per ContiTech AG, torsional vibration dampers are subject to aging and wear, which calls for their regular checking and replacement. The company recommends the inspection of a torsional vibration damper after every 60,000 km run of a vehicle and the replacement after every 120,000 km of the vehicle. According to Vibratech TVD, replacement intervals may vary depending on the engine manufacturer, with an average of ~500,000 miles/15,000 hours, or at major overhauls and in-frame rebuilds. Thus, keeping vehicle safety as a priority, the potential demand for North America aftermarket torsional vibration dampers market is expected to rise in the coming years.

The growing demand for fuel-efficient vehicles is a major factor boosting the North America aftermarket torsional vibration damper market. Torsional vibration dampers are priced high by OEMs; thus, customers prefer buying these components from aftermarket vendors due to the cheaper availability of products. The engines used in agricultural and mining vehicles are high-power engines that create significant noise and vibrations, leading to the need for vibration dampers. Further, the growing inclination toward compactness and lightweight components in the automobile industry is a key trend favoring the North America aftermarket torsional vibration damper market progress.

Impact of COVID-19 Pandemic on North America Aftermarket Torsional Vibration Dampers Market

North America has the highest acceptance and development rate of emerging technologies worldwide due to favorable government policies that promote innovation and reinforce infrastructure capabilities. The automotive industry has a potential influence on the country’s economy. Notably, the COVID-19 crisis in the US led to a cascading impact on multiple industries, such as IT, automotive, and telecommunications. Halted operations in these industries hampered the business dynamics of the country in the first half of 2020. 43 states recorded lower auto exports in 2020 than in 2019. In addition to these conditions, disrupted supply chains and a tight labor market limited the aftermarket torsional vibration dampers market growth in North America in 2020. However, from 2021 onward, the market performance began improving rapidly with a significant rise in demand from aftermarket sales.

Market Insight–Need for Torsional Vibration Damper Replacement Drives North America Aftermarket Torsional Vibration Dampers Market Growth

Torsional vibration dampers absorb rotational vibrations in internal combustion engines (ICEs), which reduces unwanted noise and enables a more lightweight crankshaft design, eventually extending the life of a motor and enhancing the operational efficiency of vehicles. Countries in North America are highly focused on curbing carbon emissions and improving the fuel efficiency of vehicles on their roads. Heavy-duty vehicle manufacturers find it challenging to mitigate the carbon emission levels of their vehicles. In April 2022, the National Highway Traffic Safety Administration of the US Department of Transportation announced new fuel economy standards that are expected to enhance fuel efficiency of automotive vehicles by 8% annually for model years 2024–2025 and 10% for the model year 2026. However, an increase in torsional vibrations is one of the key hindrances in the ongoing development of more efficient combustion engines. Thus, such initiatives from the US government for reducing the consumption of fuel and improving the efficiency of vehicles are triggering the demand for the adoption of torsional vibration dampers in commercial vehicles. Studies are being conducted for developing the optimum design of torsional vibration dampers using the “hybrid damping” approach to decrease the torsional vibrations in the cranktrain system of ICEs. Thus, the growing demand for fuel-efficient vehicles boosts the demand for torsional vibration dampers replacement in North America, thereby propelling the North America aftermarket torsional vibration dampers market growth.

Product Design Insights

Based on product design, the North America aftermarket torsional vibration dampers market share is segmented into viscous damper, elastomeric damper, and pendulum damper segment. The viscous damper segment accounted for the largest North America aftermarket torsional vibration dampers market share in 2021 owing to growing demand from the semiconductors and microelectronics industries. Further, the elastomeric damper segment is expected to register the highest CAGR during the forecast period.

North America Aftermarket Torsional Vibration Dampers Market, by Application (% Share)

North America Aftermarket Torsional Vibration Dampers Market, by Application (% Share)
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Note: The outer circle represents the market size for 2028, and the inner circle represents the market size for 2022.

Application Segment Insights

Based on application, the North America aftermarket torsional vibration dampers market is segmented into on-highway and off-highway. The on-highway segment accounted for a larger market share in 2021. The off-highway segment is projected to register a higher CAGR during the forecast period owing to increasing demand for high-power engine vehicles in the agriculture and construction sectors.

Engine Type Segment Insights

Based on engine type, the North America aftermarket torsional vibration dampers market is segmented into gasoline engine and diesel engine. The gasoline engine segment accounted for a larger share of the market in 2021. The North America aftermarket torsional vibration dampers market growth of this segment is ascribed to the rising sales of gasoline vehicles. Moreover, the diesel engine segment is expected to register a higher CAGR during the forecast period.

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North America Aftermarket Torsional Vibration Dampers Market: Strategic Insights

north-america-aftermarket-torsional-vibration-dampers-market
Market Size Value inUS$ 259.30 million in 2022
Market Size Value byUS$ 384.35 million by 2028
Growth rateCAGR of 6.8% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Companies operating in the North America aftermarket torsional vibration dampers market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their market positions. A few of the notable developments by key players are listed below:

  • In October 2019, Voith expanded its line of vibration dampers with the launch of new Hydrodamp 365 HT. The new product, which was specially created to meet the needs of agricultural machineries, effectively dampens torsional vibrations in tractors. This damper is based on the Voith HTSD 365, which has been proven in various application areas. The vibration damper has been completely revised and reinforced to meet agriculture requirements, in line with the trend of more powerful vehicles.
  • In March 2017, ChangAn's first self-developed dual-clutch gearbox (DCT) includes its cutting-edge DualTronic clutch and control module with an integrated torsional vibration damper.

The report segments the North America aftermarket torsional vibration dampers market as follows:

The North America aftermarket torsional vibration dampers market is segmented on the basis of product design, application, engine type, and sale channel. Based on product design, the market is categorized into viscous damper, elastomeric damper, and pendulum damper. The North America aftermarket torsional vibration dampers market, by application, is segmented into on-highway and off-highway. In terms of engine type, the market is categorized into gasoline engine and diesel engine. Based on sale channel, the North America aftermarket torsional vibration dampers market is categorized into original equipment supplier (OES) and independent aftermarket (IAM).

North America Aftermarket Torsional Vibration Dampers Market – Company Profiles 

  • Dayco IP Holdings, LLC
  • GEISLINGER GMBH
  • BorgWarner Inc.
  • Continental AG
  • VIBRACOUSTIC SE
  • Schaeffler Technologies AG & Co. KG
  • ZF Friedrichshafen AG
  • Knorr-Bremse AG
  • VIBRATECH TVD
  • Voith Group
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Design, Application, Engine Type, and Sales Channel

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Canada, United States

The List of Companies - North America Aftermarket Torsional Vibration Dampers Market

  1. Dayco IP Holdings, LLC
  2. GEISLINGER GMBH
  3. BorgWarner Inc.
  4. Continental AG
  5. VIBRACOUSTIC SE
  6. Schaeffler Technologies AG & Co. KG
  7. ZF Friedrichshafen AG
  8. Knorr-Bremse AG
  9. VIBRATECH TVD
  10. Voith Group

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  1. Data Collection and Secondary Research:

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Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

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The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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